Tosla founder Elon Musk has been sued by Tojcoin’s investor for damages in connection with one of his cryptocurrencies, Dozcoin.
Tesla founder Elon Musk has been interested in cryptocurrencies since the beginning. His comments on social media were said to have prompted investors to invest in cryptocurrencies.
In this case, one of Tojcoin’s investors is suing the Tesla founder for damages. In it, the investor claims responsibility for the loss and demands that Elon Musk pay $ 258 billion in damages.
During the heyday of the cryptocurrency market, Elon Musk had a habit of constantly posting about his favorite cryptocurrencies.
He also announced that he would be transacting with Tesla through Dozcoin. Thus many people invested believing that the value of Tojcoin could lead to a good boom in the future.
But the last few weeks have seen a sharp decline in the cryptocurrency market. One of those who suffered such a huge loss was Tojcoin investor Kate Johnson.
He is currently suing Elon Musk, Tesla and SpaceX. Tojcain was a pyramid scheme. Elon Musk has sought to increase his investment in Tojcain.
He said he had been investing in Tojcain since 2019 but had suffered huge losses. Johnson said Dozcoin’s investors have so far received $ 86 billion in compensation, believing Elon Musk’s statement.
He also said that Musk would have to repay the amount to the investors, and that he would have to pay twice as much as the compensation, an additional $ 172 billion.
Moreover, Johnson has demanded that Elon Musk and his companies stop promoting Dogecoin and that a judge declare that the Dogecoin trade is gambling under federal and New York law.